Stocks in Europe climbed by the most in a week Tuesday, getting a break after two back-to-back selloffs sparked by the U.K.’s Brexit vote.

The Stoxx Europe 600
SXXP, +0.34%
bounced up 2.6% to 316.70, the best performance since June 20, FactSet data showed, as all sectors were in the green.

In the financial group
XX:SXFR,
Italian bank stocks rose after reports that the Italian government is looking at adding €40 billion ($44 billion) to the country’s financial system. The country’s officials are seeking ways to protect the system in the wake of the U.K.’s vote to leave the European Union last week.

Still, after the “savage two-day Brexit rout,” there is “still no obvious reason to buy stocks in a big way, given a lack of clarity over Britain’s future relationship with Europe, and this could be an example of short-covering,” said Lee Wild, head of equity strategy at Interactive Investor, in a note.

“What is certain is that markets will remain super-volatile for some time, driven by events in Westminster and Brussels,” he added, noting that U.K. Prime Minister David Cameron is meeting EU leaders at a two-day summit starting Tuesday.

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